India, UK hold trade & investment talks in London
India and UK held All-Party Parliamentary Groups (APPGs) inaugural meeting and discussed cooperation in sunrise sectors like the Green economy, FinTech etc.
The meeting was attended by Greg Hands, UK's Trade Minister; Nick Thomas-Symonds, Shadow Secretary of State for International Trade; Welsh Labour MP for Torfaen; and Vikram Doraiswami, High Commissioner of India to the UK. "India (Trade & Investment) APPG held its inaugural meeting today at Parliament, attended by @GregHands, @NickTorfaen, Lord Bilimoria, Baroness Verma and other Lords and MPs.
HC@VDoraiswami spoke about the FRA and on cooperation in sunrise sectors like Green economy, FinTech etc," tweeted the High Commission of India, London.
India and the United Kingdom have a multi-dimensional strategic partnership and actively engage in bilateral trade. The two countries agreed to begin formal negotiations for an FTA in January 2022, aiming to advance trade and investment relations between them.
The FTA is important for both countries as it would boost and create a robust framework of overall trade and investment between the two countries.
Meanwhile, Britain said it will only sign the India-UK Free Trade Agreement (FTA) when there is one that "meets the UK's interests.